USD JPY forex weekly technical report for 9 to 13 may 2016

Usd Jpy forex weekly chart technical analysis Usd Jpy forex weekly chart technical analysis   USD JPY forex pair this week closed with gain. This was just a technical bounce back or short covering rally.   Major breakdown already happened for US dollar and expect much more downside for pair in medium to long terms.   For next week, usd jpy pair might test 108-108.5 level which is best shorting opportunity level with price tgts 105 and 101.   Monthly chart suggesting minimum tgt of 103 for this downside move which was started at 122.

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